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University of Wollongong (UOW
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ACCY111
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Part A: Research report
The aim of this research report is to investigate that an Australian business organization’s latest
financial report, their Corporate Social Responsibility commitments in relation to three key areas
of Corporate Social Responsibility (economic, environmental and social bottom line) and figure
out which elements contributing to the reputation of this organization in the Australian
Reputation Index. Woolworths is taken into analysis as the object of the research conducted as
required. Woolworths is known as an Australian supermarket/grocery store chain owned by
Woolworths Group. This business organization has currently operated approximately 1000 stores
in Australia since established in 1924(Wikipedia).
First of all, annual report of Woolworths for the fiscal year to 2018 is chosen to examine the
economic bottom line. The company financial position (referred to the Consolidated Balance
Sheet as at 31 December 2018) demonstrates the accounting equation that total assets $23,558
million equal total liabilities $12,709 million plus total equity $10,849 million. This equation
illustrates that debt-to-assets ratio were about 53.95% (12,709/10849), while equity-to-assets
ratio were approximately 46.05% meaning that Woolworths main funding source in 2018 were
focusing more on debt (Annual Report 2018, p. 64). In term of the profitability of Woolworths
for reporting period, annual report by the end of 2018 (p. 62) illustrates that this company reaped
the total revenue of $56,726 million and the profit (referred to as ‘profit for the year’ in the
Consolidated Statement of Profit or Loss) calculated that is $1,795 million, which increase by
$202 million compared to the profit for the period in 2017 ($1,593 million).
Secondly, the environmental bottom line is interpreted by the contribution of Woolworths Group
in improving environmental problems. By the end of 2018, 134 million plastic straws are saved
because all stores across Australia and New Zealand will no longer sell plastic straws (Annual
Report 2018, p.12) and 180 tons plastic removed from fruit and vegetable packing (Annual
Report 2018, p. 3). Besides, Woolworths has their own a new green reusable shopping bag on the
purpose of improving the recyclability and contributing to circular economy (Annual Report
2018, p. 12). Additionally, Woolworths also responds to climate change with the reduction of
Woolworths Group’s CO2 to 10% below 2015 levels and 15% of CO2-e below 2015 levels by
innovating with natural refrigerants and reduce refrigerant leakage in their stores (Sustainability
1
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